Posted 1/10/2024, 4:45:00 PM
DeFi and Web3 Assets Outpace Bitcoin in 2022 on Leverage, Liquidity, and Real-World Progress
- Liquid staking derivatives (ALCX, ASX, PENDLE) and DeFi 2.0 (DYDX, FXS, INST) outperformed Bitcoin in 2022
- Money market protocols (AAVE, COMP, QI) and decentralized physical infrastructure networks (FIL, RNDR, DIMO) also did well
- Key drivers seem to be leverage, liquidity, and real world adoption milestones
- Developer activity and token inventory turnover highlight L2 chains and appchains
- Patience over long horizons (10+ years) required for full growth trajectories